Private banks branch out to serve other financial intermediaries
UBS sees 50% annual growth in Asian FIM business, way ahead of the 30% global average
Wed, Dec 11, 2013 - 6:00 AM
PRIVATE banks' core business undoubtedly centres around the servicing of wealthy clients. But a number of banks are branching out to offer a range of platform services to other financial intermediaries as well, such as independent asset managers, smaller banks and family offices.